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Perspectives on Industrial Development in NigeriaSmall and Medium Enterprise Development Under the Structural Adjustment Programme in Nigeria

Perspectives on Industrial Development in Nigeria: Small and Medium Enterprise Development Under... [The focus of this chapter is on small business and entrepreneurship development in Nigeria under the Structural Adjustment Programme (SAP) over the 10-year period from 1986 to 1996. Following the collapse of the international market for crude oil in the early 1980s, the Nigerian economy deteriorated rapidly, arising from the fact that the oil sector accounted for over 90% of foreign exchange earnings and the bulk of government revenue. The decline in the national economy was accompanied by negative GDP growth, huge external debt in excess of $30 billion, low capacity utilization in industry and general economic gloom.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Perspectives on Industrial Development in NigeriaSmall and Medium Enterprise Development Under the Structural Adjustment Programme in Nigeria

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Publisher
Springer International Publishing
Copyright
© The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2021
ISBN
978-3-030-84374-8
Pages
267 –283
DOI
10.1007/978-3-030-84375-5_11
Publisher site
See Chapter on Publisher Site

Abstract

[The focus of this chapter is on small business and entrepreneurship development in Nigeria under the Structural Adjustment Programme (SAP) over the 10-year period from 1986 to 1996. Following the collapse of the international market for crude oil in the early 1980s, the Nigerian economy deteriorated rapidly, arising from the fact that the oil sector accounted for over 90% of foreign exchange earnings and the bulk of government revenue. The decline in the national economy was accompanied by negative GDP growth, huge external debt in excess of $30 billion, low capacity utilization in industry and general economic gloom.]

Published: Jan 1, 2022

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